STOCK TITAN

Valley National (NYSE: VLY) director receives 8,121 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SCHULTZ MELISSA J reported acquisition or exercise transactions in this Form 4 filing.

Valley National Bancorp director Melissa J. Schultz received a grant of 8,121 shares of Common Stock as a compensation award. The award consists of restricted stock units granted under the Valley National Bancorp 2023 Incentive Compensation Plan and will vest in one year, subject to certain exceptions. Following this grant, she directly holds 98,762 shares.

Positive

  • None.

Negative

  • None.
Insider SCHULTZ MELISSA J
Role null
Type Security Shares Price Value
Grant/Award Common Stock 8,121 $0.00 --
Holdings After Transaction: Common Stock — 98,762 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 8,121 shares Restricted stock units awarded on 2026-05-18
Grant price $0.0000 per share Stated transaction price for RSU award
Total shares after grant 98,762 shares Direct holdings following the transaction
Vesting period 1 year RSU award vests in one year, subject to exceptions
Restricted stock units financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2023 Incentive Compensation Plan financial
"Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
non-derivative financial
"transaction_type: non-derivative"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SCHULTZ MELISSA J

(Last)(First)(Middle)
C/O VALLEY NATIONAL BANCORP
ONE PENN PLAZA

(Street)
NEW YORK NEW YORK 10119

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
VALLEY NATIONAL BANCORP [ VLY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/18/2026A8,121(1)A$098,762D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock units awarded under the Valley National Bancorp 2023 Incentive Compensation Plan. The award vests in one year, subject to certain exceptions.
Remarks:
/s/ MELISSA J. SCHULTZ05/19/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did the Valley National Bancorp (VLY) Form 4 report for Melissa J. Schultz?

The Form 4 reports that director Melissa J. Schultz received 8,121 restricted stock units of Valley National Bancorp Common Stock as a compensation-related award, granted at no cash cost under the 2023 Incentive Compensation Plan, with the award scheduled to vest in one year, subject to exceptions.

How many Valley National Bancorp (VLY) shares were granted to Melissa J. Schultz?

Melissa J. Schultz was granted 8,121 shares of Valley National Bancorp Common Stock in the form of restricted stock units. The filing shows these were awarded as a grant or other acquisition, recorded at a price of $0.0000 per share, indicating a compensatory, non-purchase award.

What is the vesting schedule of Melissa J. Schultz’s new Valley National (VLY) restricted stock units?

The restricted stock units granted to Melissa J. Schultz vest in one year, subject to certain exceptions. This means she is scheduled to receive the underlying shares after one year of continued service or satisfaction of the plan’s vesting conditions, as described in the Form 4 footnote.

How many Valley National Bancorp (VLY) shares does Melissa J. Schultz hold after this Form 4 transaction?

After the reported grant, Melissa J. Schultz directly holds 98,762 shares of Valley National Bancorp Common Stock. This total reflects her ownership following the award of 8,121 restricted stock units reported in the non-derivative transaction section of the Form 4 filing.

Was Melissa J. Schultz’s Valley National (VLY) transaction a market purchase or sale?

The Form 4 shows a grant classified as a “Grant, award, or other acquisition” with transaction code A, not a market purchase or sale. The 8,121 shares were awarded as restricted stock units under the 2023 Incentive Compensation Plan at a stated price of $0.0000 per share.

Under which plan were Melissa J. Schultz’s Valley National Bancorp (VLY) restricted stock units granted?

The restricted stock units were granted under the Valley National Bancorp 2023 Incentive Compensation Plan. The footnote explains that these RSUs were awarded pursuant to this plan and that the award will vest in one year, subject to specified exceptions in the plan’s terms.